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in investment, procurement, and budgeting. …
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This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...
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Across the globe climate policy is shifting away from a carbon price towards investment subsidies, such as grants … affect the risk-return-profile of a climate investment. To some extent these negative impacts can be compensated through … different forms of investment subsidies. Minimising the risk of inefficient public spending is, however, challenging and …
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